New vs Used Cars: Which One?

We know that deciding between buying a new car and a used car can be exciting for drivers in Manhattan, Queens, the Bronx, and beyond. There’s a lot of information and consideration that goes into making the right choice.

To help you do that, our team at BMW of Manhattan has put together this comparison guide to give you as much of that information as possible. Read ahead to learn the benefits that both new car purchases and used car purchases have to offer.

What’s Good About Buying New?

The first benefit of buying a new car is made obvious by its name-it’s new! No one has ever used it and the value is nearly untouched. What comes with this is the ability to customize your next vehicle. Every choice from the exterior to the number of cupholders you want is yours. You also have more advanced features to choose from as new cars have the most up-to-date technology.

In addition to all the features new cars come with, you’ll still have the full warranty from the manufacturer. This warranty will vary in length based on the manufacturer, but it’ll come free of no extra charge with the vehicle, whereas you’ll likely have to pay extra for warranty on a used car.

Purchasing a new car also comes with a lot of financing options. Because the car is brand new and hasn’t lost any value from depreciation, you’ll find lower rates from banks.

What About Buying Used?

Buying a used car rather than a new car also has its benefits. The most significant benefit of buying a used car is price. Buying a used car opens doors to opportunities to stretch every dollar in your budget while still getting the features and reliability you need. If your budget is $25,000, you’ll get more bang for your buck in a used car showroom than in a new car showroom.

Additionally, you’ll have a lot more choices in terms of make, model, and year. New cars are  typically the current year or next year’s model. Gently used cars, however, can range back much further, and you’ll even have access to models that are no longer made by the manufacturer.

You’ll also benefit in the realm of depreciation when buying used. When you buy a car that’s already used, the initial hit of depreciation will have already occurred when the original buyer drove it off the lot. You’ll still lose some value as you drive your used car around, but not nearly as much as you would with a new car.

New vs Used Cars: Verdict

When it comes down to it, the best choice for you between buying a new car or a used car is based entirely on how you live your life. Your budget, lifestyle, and personality all weigh in on your decision. But whatever you decide, we here at BMW of Manhattan are prepared to fit you with a car that suits you perfectly.

Get started today by getting in touch with us via phone or through our website. Feel free to drop by our showroom as well, which is easily accessible from Manhattan, Queens, and the Bronx.